Report ID: SQMIG45I2206
Data Acquisition System Market Size, Share, Growth Analysis, By Offering(Hardware (External Chassis & Modules, Plug-In Analog I/O Boards), Software (Bundled, Third-Party)), By Speed(High-Speed (>100 KS/S), Low-Speed (<100 KS/S)), By Application(R&D, Field, Manufacturing), By Vertical(Aerospace & Defense, Energy & Power, Automotive & Transportation, Wireless Communication & Infrastructure), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2206 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|
Tables:
120 |
Figures:
77
Data Acquisition System Market Insights
Global Data Acquisition System Market size was valued at USD 1.96 billion in 2022 and is poised to grow from USD 2.07 billion in 2023 to USD 3.21 billion by 2031, growing at a CAGR of 5.63% during the forecast period (2024-2031).
Growing demand for data monitoring in different industry verticals is projected to primarily boost the demand for data acquisition systems over the coming years. Rising emphasis on the adoption of data-driven decision-making around the world is also forecasted to bolster the adoption of data acquisition system in the future. Surging use of industrial automation and growing adoption of connected devices and Internet of Things (IoT) technologies also present new opportunities for data acquisition system providers in the long run. Moreover, advancements in data acquisition system technologies are also slated to bolster the global data acquisition system market growth in the long run. On the contrary, complexity in integration and deployment, lack of skilled professionals, and high initial investments are forecasted to emerge as key deterrents for data acquisition system demand across the study period and beyond.
Data Acquisition System Market Report Snapshots
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